Basis of Proposed Annual Caps Sample Clauses

Basis of Proposed Annual Caps. The annual caps are based on the estimated amount of cash generated from the Group’s business activities, the relevant benchmark rates set by PBOC and the anticipated financial services requirement of the Group from the effective date of the Financial Services Framework Agreement to the end of 2016.
Sample 1
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Basis of Proposed Annual Caps. In arriving at the above proposed annual caps, the Company has considered the following principal factors: Under the Machinery Equipment and Accessories Sales Framework Agreement, the products and services provided by us to CRCC and/or its associates mainly consist of two types, namely (i) the various kinds of large railway track maintenance machines and other related or ancillary products and services; and (ii) other machines and railway equipment, facilities and materials and other related or ancillary products and services. (i) Large railway track maintenance machines and other related or ancillary products and services (a) due to the sustainable growth trend in the aggregate amounts of transactions for the three years ended 31 December 2021, the Company expects more potential for growth in the future. Pursuant to the 14th Five-Year development strategic plan of CRCC, it is expected that the revenue of CRCC will keep increasing with a compound annual growth rate of 6.8% during the five years from 2021 to 2025. Besides, considering that the construction of engineering projects lasts for several years after signing the contract, the demand of the large railway track maintenance machines of CRCC is sustainable. In particular, as of 31 December 2021, 23 categories of machines and 121 types of machinery equipment of the Company, e.g., sewage suction and sand removal machinery, cleaning machinery and stone ballast treatment machinery, were recognized into the requisite list of supplies, for the first time. Pursuant to the Company’s deep participation in CRCC’s railway engineering projects and CRCC’s purchase intention which the Company knows, the Company estimates that the sales of large railway track maintenance machines and parts and components to CRCC for 2023 will amount to RMB600 million, representing an increase of approximately 25% comparing to 2022; (b) according to the regulations enacted by National Railway Administration of the PRC and relevant competent authorities, the large railway track maintenance machinery would be due for overhaul after being used for 10 to 13 years, or achieving certain level of workload; as such, the CRCC Group’s demand for our overhaul services is expected to increase in the three years ending 31 December 2025 as more railway track maintenance machines supplied to the CRCC Group are expected to be due for overhaul; and (c) taking into account macro-economic conditions, such as the “One Belt, One Road” initiative adopted b...
Sample 1
Basis of Proposed Annual Caps. The proposed annual caps under the 2021-2023 Site Resource Service Framework Agreement set out above are determined based on the following: • the historical transaction amounts set out above and their increasing trend; • the explosive growth in the overall demand for informatization and information transmission across the industry brought by the rapid development of technologies such as Internet of Things, big data and AI; • against the background of the above industry development, due to the continuous growth of the business scale of CMCC and its associates, leveraging on the dedicated Internet access resources and integrated solution capabilities, CMCC’s and its associates’ business of providing comprehensive information services for the informatization of various industries having been developing rapidly. As a result, their demands for the site resource service provided by the Group are expected to increase rapidly as well; and • preliminary cooperation intentions under negotiations and already agreed currently in various regions in the PRC between CMCC and its associates and the Group on future provision of site resource service. Entering into the 2021-2023 Site Resource Service Framework Agreement can streamline the provision of site resource service by the Group to CMCC and its associates and enable the Group to manage such transactions efficiently. Entering into the 2021-2023 Site Resource Service Framework Agreement with the proposed annual caps would encourage CMCC and its associates to obtain such service from the Group and would therefore be beneficial to the Company. Entering into the 2021-2023 Site Resource Service Framework Agreement is (i) in the ordinary and usual course of business of the Company; (ii) on normal commercial terms; and (iii) fair and reasonable, and in the interests of the Company and its shareholders as a whole. The proposed annual caps under the 2021-2023 Site Resource Service Framework Agreement for the three years ending 31 December 2021, 2022 and 2023 are also fair and reasonable, and are in the interests of the Company and its shareholders as a whole. As disclosed in the Prospectus, the Company has in its ordinary and usual course of business procured materials from CTC and its associates on normal commercial terms such as softwares and accessories and parts required by business, and each of the applicable percentage ratios for such transactions calculated in accordance with the Listing Rules was below 0.1% on an annua...
Sample 1
Basis of Proposed Annual Caps. The proposed annual caps under the Materials Procurement Framework Agreement set out above are determined based on the following: • the historical figures and the increase of transaction amount of relevant transactions; • the historical revenue, growth rate and the expected future development of the TSSAI business; • the expected increase in the price of materials to be procured; and • preliminary cooperation intentions under negotiations currently and already agreed in various regions in the PRC between CTC and its associates and the Group on future procurement of materials.
Sample 1

Related to Basis of Proposed Annual Caps

  • Average Log Length and Payment Reduction If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) Where: B = Bid rate from P-028.2 clause V = total delivered log Volume L = Length in feet below specified average (rounded to nearest Average log length payment reductions calculated by the Purchaser must be approved by the State, prior to payment for the final billing period. Third-party scaling organization information is required to determine Xxxxxxxx mbf and Average log length for payment reduction purposes. Average log length is determined on a piece count basis. Value of log length price reduction will be derived from the applicable sort value as described in this contract. Scale information for determining Average log length for payment reduction eligibility must be obtained from roll-out scale. Truck-ramp, sample scaling, and/or bundle scaling information is not acceptable for determining eligibility. Purchaser’s exclusive remedy for below average log lengths shall be the payment reduction described in this clause, notwithstanding other provisions in the Uniform Commercial Code.

  • Payments and Computations, Etc (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder or under any other Transaction Document shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York, New York time) on the day when due in same day funds to the account for each Purchaser maintained by the applicable Purchaser Agent as may be designated from time to time by such Purchaser Agent to the Seller and the Servicer. All amounts received after 1:00 p.m. (New York, New York time) will be deemed to have been received on the next Business Day. Except as expressly set forth herein, each Purchaser Agent shall distribute the amounts paid to it hereunder for the benefit of the Purchasers in its Purchaser Group to the Purchasers within its Purchaser Group ratably (x) in the case of such amounts paid in respect of Discount and fees, according to the Discount and fees payable to such Purchasers and (y) in the case of such amounts paid in respect of Capital (or in respect of any other obligations other than Discount and fees), according to the outstanding Capital funded by such Purchasers. (b) The Seller (with respect to amounts payable by the Seller) or the Servicer (with respect to amounts payable by the Servicer), as the case may be, shall, to the extent permitted by law, pay interest on any amount not paid or deposited by the Seller or the Servicer, as the case may be, when due and payable hereunder, at an interest rate equal to 2.00% per annum above the Base Rate, payable on demand; provided, that such rate shall not at any time exceed the maximum rate permitted by applicable Law. (c) All computations of interest under clause (b) and all computations of Discount, fees and other amounts hereunder shall be made on the basis of a year of 360 days (or 365 or 366 days, as applicable, with respect to Discount or other amounts calculated by reference to the Base Rate) for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next Business Day and such extension of time shall be included in the computation of such payment or deposit.

  • METHOD OF CALCULATION OF PROPORTIONATE SHARE WHEREVER REFERRED TO IN THE AGREEMENT Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) in Project, the same shall be the proportion which the carpet area of the [Apartment/Plot] bears to the total carpet area of all the [Apartments/Plots] in the Project.

  • PRICING OF After Hours Coefficient What is your after hours coefficient for the RS Means Price Book for work performed after normal working hours?

  • Accrual of Annual Leave (a) An employee shall accrue an amount of paid annual leave, for each completed 4 week period of continuous service with the employer, of 1/13 of the number of ordinary hours worked by the employee for the employer during that 4 week period. (b) Annual leave shall accrue on a pro-rata basis and be credited to the employee monthly.

  • Rest Period After Overtime (a) When overtime work is necessary, it will, wherever reasonably practicable, be so arranged that employees have at least 10 consecutive hours off duty between the work of successive days or shifts, including overtime. (b) An employee, other than a casual employee, who works so much overtime between the termination of their ordinary work on one day and the commencement of their ordinary work on the next day, that they have not had at least 10 consecutive hours off duty between those times, will be released after completion of such overtime, until they have had 10 consecutive hours off duty without loss of pay for ordinary working time occurring during such a absence. (c) If, on the instruction of the employer, an employee resumes or continues to work without having had 10 consecutive hours off duty, they will be paid at the rate of double time until released from duty for such period. The employee will then be entitled to be absent until they have had 10 consecutive hours off duty without loss of pay for rostered ordinary hours occurring during the absence.

  • JOC - PRICING OF After Hours Coefficient What is your after hours coefficient for the RS Means Price Book for work performed after normal working hours? (FAILURE TO RESPOND PROHIBITS PART 2 JOC EVALUATION)

  • Withdrawal of Property from Market or Termination of Discussions Potential Investor acknowledges that the Property has been offered for sale subject to withdrawal of the Property from the market at any time or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice, as well as the termination of discussions with any party at any time without notice for any reason whatsoever.

  • Payments Pro Rata Treatment Computations Etc 28 Section 4.01 Payments..............................................................................28 Section 4.02 Pro Rata Treatment....................................................................28 Section 4.03 Computations..........................................................................29 Section 4.04 Non-receipt of Funds by the Administrative Agent......................................29 Section 4.05 Set-off, Sharing of Payments, Etc.....................................................29 Section 4.06 Taxes.................................................................................30

  • Longer/Shorter Length of Coverage If none of the above rules determine the order of benefits, the benefits of the plan that covered a member or subscriber longer are determined before those of the plan that covered that person for the shorter term.

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